Form 4: American Assets Trust SVP Gammieri Boosts Stake

American Assets Trust SVP Jerry Gammieri reported an increase in his direct beneficial ownership of common stock through a restricted stock award, partially offset by dispositions for tax purposes and other reasons.

Summary

• SVP Construction and Development, Jerry Gammieri, reported transactions involving American Assets Trust, Inc. common stock.
• On December 2, 2025, Gammieri disposed of 12,701 shares of common stock at a price of $19.5 per share, primarily to cover tax obligations.
• Also on December 2, 2025, an additional 2,221 shares of common stock were disposed of at a price of $0.
• On December 3, 2025, Gammieri acquired 34,505 shares of restricted common stock at a price of $0, issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. Amended and Restated 2011 Equity Incentive Award Plan.
• Following these transactions, Gammieri's direct beneficial ownership of common stock increased from 90,001 shares to 122,285 shares.

Sentiment

Score: 7

Explanation: The net increase in beneficial ownership for a Senior Vice President, primarily driven by an equity incentive award, generally indicates management confidence and aligns their interests with shareholders, despite routine tax-related dispositions.

Positives

• SVP Jerry Gammieri's direct beneficial ownership of American Assets Trust common stock increased by 32,284 shares, from 90,001 to 122,285 shares.
• The acquisition of 34,505 shares was through a restricted common stock award under the company's 2011 Equity Incentive Award Plan, which aligns management's interests with shareholders.

Negatives

• SVP Jerry Gammieri disposed of a total of 14,922 shares of common stock (12,701 shares at $19.5 and 2,221 shares at $0) on December 2, 2025.
• The disposition of 12,701 shares was specifically to cover tax obligations, which, while a common practice, represents a reduction in direct holdings.

Risks

• No specific new risks are introduced by this routine insider transaction report. The dispositions, while common for tax purposes, represent a reduction in direct holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction report (Form 4) detailing changes in beneficial ownership for a Senior Vice President. It does not provide information directly related to broader industry trends or competitor performance.

Stakeholder Impact

• Shareholders may view the net increase in insider ownership, particularly through an equity incentive plan, as a positive sign of management's alignment with shareholder interests.

Key Dates

Keywords

American Assets Trust, AAT, Jerry Gammieri, Insider Transaction, Form 4, Common Stock, Restricted Stock Award, Equity Incentive Plan, Beneficial Ownership